German urban air mobility (UAM) group Volocopter is to acquire DG Flugzeugbau, a global leader in composite aircraft production and its long-standing innovation and production partner.
Volocopter also announced that it recently secured Production Organisation Approval (POA) in compliance with the European Union Aviation Safety Agency (EASA Part 21G).
According to the company the two developments establish Volocopter as the only electric vertical take-off and landing (eVTOL) company holding both the required design and production organisation to advance its aircraft towards launch, which it considers to be key milestones in bringing urban air mobility services to commercial reality.
DG Flugzeugbau’s entire team of manufacturing experts will join Volocopter’s production and workshop teams. Florian Reuter, CEO of Volocopter says, “Our ten-year partnership with DG Flugzeugbau has been an extraordinary learning experience. Having this legendary industry leader on our side to kick-start scalable and affordable UAM for people and cargo has been a game changer. This marks an exciting milestone as we unify DG Flugzeugbau’s leadership in aviation production with Volocopter’s pioneering UAM goals to establish yet another crucial stepping-stone for our collective global endeavours.”
Holger Back, CEO of DG Aviation, adds, “At DG Flugzeugbau, we have always continued to strive for perfection through unique innovation with gliders, vast aerodynamic improvements, and, for the past ten years, with Volocopter’s eVTOLs. We see the future in these aircraft and are excited to combine a section of our company with Volocopter to invest in the future of sustainable aviation while continuing our tradition of building gliders and maintaining aircraft.”
Founded in 2011, Volocopter has 400 employees in offices in Bruchsal, Munich, and Singapore. The company has raised a total of €322 million in equity through investments from Daimler, Geely, DB Schenker, BlackRock, and Intel Capital amongst others.